Subject: GTX Corp News - GPS SmartSoles Launch in Latin America
Ecuador joins the list of countries for GTX Corp international distributors
LOS ANGELES –January 28, 2016 – GTX Corp (OTCBB: GTXO), a pioneer in GPS wearable technology and a global provider of personal location wandering assistive technology, is pleased to announce the addition of Imexpalcom CIA Ltd. to its list of international distributors. Imexpalcom is headquartered in Quito, Ecuador, operating in the telecommunications industry supporting customers in Ecuador and Colombia, with plans to expand into Peru and Bolivia later this year.
“We are very excited to be launching this highly innovative product to the Ecuadorian and Colombian market, finally we found the best solution for our market needs related to personal security,” says Joffre Palacios, managing director of Imexpalcom.
“Estamos muy emocionados con el lanzamiento de este innovador producto en territorio ecuatoriano y colombiano, finalmente encontramos la mejor solución para nuestro mercado en cuanto a seguridad personal.”
GTX Corp has shipped the first commercial order of GPS SmartSoles to Imexpalcom, with additional shipments scheduled to go out next month, demonstrating the company’s ability to pursue and secure international expansion and partnerships in Latin America.
“As we continue to expand our international business, we are extremely pleased to add Imexpalcom to our growing list of distributors and now with distribution partners across most of Europe, we are starting to focus a little more in Central and South America,” says Andrew Duncan, director of business development.
GTX Corp's patented GPS SmartSoles, which were featured in AARP’s 2015 technology gear guide and a recent winner in the 2015 New Product & Technology Awards in recognition of the most innovative products and services for older adults and their families, are placed in the wearer’s shoes and contain a GPS tracking chip connected through a global GSM cellular network that sends a signal to a central monitoring website or app showing the exact location of the individual wearing the SmartSoles. They come in several trim to fit sizes for both men and women, are made with the highest quality electronic components and assembled in Rhode Island, U.S.A.
The value behind the SmartSole Platform is its ability to be a ‘wearable’ yet ‘invisible’ stigma-free monitoring and wondering recovery solution that alerts a caregiver when the wearer wanders off, sending a text or email to the caregiver’s phone and computer, with a direct link to a map plotting the wanderer’s location. For someone in danger of wandering and becoming lost due to Alzheimer’s, dementia, autism or TBI, GTX Corp's wearable technology products and tracking devices not only provide peace of mind, but can also save lives.
Imexpalcom CIA Ltd has been established for almost 10 years in the telecommunications industry. The company owns the registered trademark Pitbull® which has developed many hardware and search tools for location-based software solutions.
GTX Corp (GTXO) is a pioneer in Smart, Mobile and Wearable GPS, cellular and BLE tracking and recovery technology. Headquartered in Los Angeles, California, with distributors in over 14 countries, GTX is known for its game-changing and award-winning patented GPS Smart Shoe, blockbuster Smartphone GPS Tracking App, and innovative GPS and BLE SmartSole. GTX provides solutions that answer the "where" question: where is my mother, child, employee, vehicle, drone and high value assets. Through a robust global enterprise IoT monitoring platform and licensing subscription business model, the Company offers a complete end to end solution of hardware, middleware, apps, connectivity and professional services. Letting you know where or how someone or something is at the touch of a button, delivering security and peace of mind in an instant. GTX Corp also owns and operates LOCiMOBILE, Inc which develops applications for smart phones and tablets and Code Amber Alertag. The Company has a comprehensive intellectual property strategy and owns an extensive portfolio of patents, patents pending, registered trademarks, copy rights and URL's and was featured in a 38 page research piece which outlines the value proposition of the Company’s IP portfolio and more recently in the SeeThruEquity research report.
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Forward Looking Statements
This news release contains forward-looking statements. The terms and phrases “expects,” “would,” “will,” “believes,” and similar terms and phrases are intended to identify these forward-looking statements. Forward-looking statements are based on estimates and assumptions made by GTX in light of its experience and its perception of current conditions and expected future developments, as well as other factors that GTX believes are appropriate in the circumstances. Many factors could cause GTX’s actual results, performance or achievements to differ materially from those expressed or implied by the forward-looking statements. Certain risk factors that may cause actual results to differ are set forth in GTX’s Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission (which may be obtained at http://www.sec.gov). These factors should be considered carefully, and readers should not place undue reliance on GTX’s forward-looking statements. GTX has no intention and undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.